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    149 State Ave Clayton, NC 27520

    Sponsored
    For Sale
    $180,000

    Half-acre lot, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.5-acre commercial land parcel, located at 149 State Ave in Clayton, North Carolina (zip code 27520), presents a remarkable investment opportunity. Priced at $180,000, this property is ideally suited for a variety of commercial ventures. Its versatile zoning allows for the development of multiple building types, including but not limited to an eight-bay auto repair franchise, warehouse space, office complex, professional services building, or retail establishment. The property's size and location within Johnston County offer significant potential for growth and return on investment. The current lease on the property expires on December 31, 2023, providing immediate development possibilities for the new owner. City regulations permit the construction of multi-story buildings, further enhancing the development potential of this strategically located site. The property's latitude and longitude coordinates are 35.640231 and -78.4817206 respectively. This is a rare chance to acquire a highly desirable commercial lot in a thriving North Carolina community. Don't miss this opportunity to secure a prime piece of Clayton real estate.

    Property Features for 149 State Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.4817206
    Latitude
    35.640231

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    FAQs

    What type of property is this?
    Land - Half-acre lot, prime development opportunity.
    Where is this land located?
    The property is located at 149 State Ave Clayton, NC.
    What is the asking price?
    The asking price for this property is $180,000.
    Request Owner's contact information
    149 State Ave Clayton, NC 27520
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    Clayton, NC 27520
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    149 State Ave Clayton, NC 27520
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